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186 Laurelton Circle Lawrenceville, GA 30044

3 Beds 2 Baths 1,404 sqft Built 2006

$219,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $155.98
  • 3 Days on Market
  • MLS # : 6805547
  • Updated Date : 11/07/2020 at 08:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent's Description

SINGLE? 1ST TIME HOMEBUYER OR DOWNSIZING? THIS HOME IS FOR YOU! COZY/COMFORTABLE AND JUST THE RIGHT SIZE! 3 bed 2 bath ranch, ready to be a home for a new owner. Vaulted ceilings give the home an air of openness and expanse, especially the open kitchen w/eat-in area which looks out into the great room and private backyard. Hardwood flooring w/carpet in bedrooms. Master suite includes bath with double vanity, separate shower/garden tub. All kitchen appliances stay. HVAC routinely maintained and Home Warranty provided. Close to shopping, dining, and freeway access.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220kPrice in $103k227k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30044

ZipNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9481552

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cedar Hill Elementary School Primary Regular 1,352 91 5
Richards Middle School Middle Regular 1,571 95 5
Discovery High School High Regular NA

Cedar Hill Elementary School

  • Education Level: Primary
  • # of students: 1,352
  • # of teachers: 91
5
GreatSchools Rating

Richards Middle School

  • Education Level: Middle
  • # of students: 1,571
  • # of teachers: 95
5
GreatSchools Rating

Discovery High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$197,100$240,900$219,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$808
Property Tax -$263
Property Insurance -$54
HOA -$17
Property Management Fees -$119
CASH FLOW
$149

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$219,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.52%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.33%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,785

INVESTMENT

$63,785

Down Payment
$54,750
Rehab Estimate
$5,750
Closing Costs
$3,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,750
Loan Amount $164,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$23,746

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,410

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,243

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4493$1,4804$1,4855$1,495
$1,495
RENT COMPS ANALYSIS
  • 186 Laurelton Circle Lawrenceville, GA 1
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.00
    •  
  • 2184 Crystal Lake Drive Lawrenceville, GA 2
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1987
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.87
    •  
  • 285 Kentshire Place Lawrenceville, GA 3
    • 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.89
    •  
  • 2680 Kentshire Way Lawrenceville, GA 4
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2001
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.88
    •  
  • 100 Kentshire Place Lawrenceville, GA 5
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2002
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
Helen Sellers
1.404.732.4307
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6805547
Last Updated: 11/07/2020
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2017 First Multiple Listing Service, Inc.

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